Wealth intelligence platform 1fs Wealth secures backing

Wealth intelligence platform 1fs Wealth secures Singularity Capital backing

UK-based 1fs Wealth, which offers digital wealth intelligence, has reportedly received an investment from Singularity Capital, a US venture capital firm.

The company is looking to use this support to build on its success and capitalise on opportunities that support family offices, HNIWIs and wealth managers around the world, according to a report from FinTech Finance News.

1fs Wealth allows clients to control all their investments and collectables from a single location. Users can consolidate assets, control risk, manage ownership and analyse portfolio performance by efficiently using data and technology.

The platform can collate document, record, index and share information, establish secure collaboration groups and ownership transfers, leverage tools to measure performance against peers, targets and the industry, and provide real-time insights into asset-tracking, risk, sustainability and carbon impact.

Singularity Capital founder G.S. Jaggi said, “As a venture platform, at Singularity Capital we partner with companies who are leveraging unique competitive solutions – importantly, singling out the most driven and innovative teams, who are doing things better, faster, and more strategically than the competition.

“We have been really impressed by the 1fs platform and the strength of the team behind it and look forward to being part of the company’s growth journey.”

1fs Wealth previously secured an investment from angel investor Dominique Cerutti at the end of 2022. As part of the investment, Cerutti took a seat on 1fs’ board of directors. The size of the deal was not revealed.

In other WealthTech news, Kidbrooke recently explored the biggest wealth management trends to crop up during Q1 of 2023.

Keep up with all the latest FinTech news here.

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